Minister of Finance Ngo Van Tuan 

On November 4, at the Government Headquarters, Prime Minister Le Minh Hung presided over the regular Government meeting for October 2026.

Reporting at the meeting, Minister of Finance Ngo Van Tuan stated that the socio-economic situation has yielded many positive results, with various sectors and fields continuing their growth trends.

The Index of Industrial Production (IIP) for October is estimated to have increased by 15% compared to the same period last year, with a 12.4% rise over the first 10 months—driven by a 13% growth in the manufacturing and processing industry. Out of 34 localities, 33 recorded an increase in their 10-month IIP, with 11 of these localities seeing growth of 15% or more.

Attracting foreign direct investment (FDI) continues to be a bright spot. Registered FDI capital reached $54.85 billion, an increase of 74%, while realized FDI capital reached $24.08 billion, up 13.1%.

Over the first 10 months, 243,600 enterprises entered or re-entered the market—a figure 33.9% higher than the number of enterprises that exited the market. The average registered capital per newly established enterprise reached 13.2 billion VND, an increase of 34.8% compared to the same period last year.

Minister Ngo Van Tuan has proposed several key tasks for the coming period. Regarding fiscal policy, the Ministry of Finance has updated its inflation scenarios, coordinated with the Ministry of Industry and Trade to flexibly adjust taxes and fees on petroleum products and jet fuel, and conducted a substantive assessment of the results of disbursement performance evaluations. 

Ministries and local authorities must accelerate the disbursement of public investment capital, striving to reach 100% of their targets. They must resolutely reallocate funds from projects with slow disbursement to those with strong disbursement performance, and ensure that all carried-over capital is fully disbursed by December 31, 2026.

Regarding monetary policy, the State Bank of Vietnam has managed operations in a proactive and flexible manner, in close coordination with fiscal policy. It has ensured liquidity, stabilized interest rate levels, implemented effective measures to reduce lending rates, and accelerated the resolution of non-performing loans and the restructuring of weak credit institutions.

Regarding price and market management and the assurance of energy security, the Ministry of Industry and Trade shall secure the supply of petroleum products, coordinate with the Ministry of Finance to utilize the Petroleum Price Stabilization Fund in a flexible and effective manner, and ensure an adequate supply of electricity as well as the conditions necessary for implementing electricity price reductions.

Ministries and local authorities must strengthen the managament and regulation of production to ensure a balance between the supply and demand of essential goods during holidays and Tet festival. They must also strictly penalize acts of speculation, the hoarding of goods, and taking advantage of fluctuations in petroleum prices to raise prices, or failing to lower prices when petroleum costs decrease.

The Ministry of Agriculture and Environment, in coordination with local authorities, is striving to reach an export value of over $74 billion for agricultural, forestry, and fishery products by 2026, while also working to have the “IUU yellow card” lifted.

The Ministry of Culture, Sports and Tourism, in coordination with local authorities, aims to reach a target of 25 million international visitor arrivals. This includes maximizing the benefits of  visa-exemption policies for Chinese tourists and implementing specific measures to stimulate demand from the South Korean market.

Regarding the sectors of culture, social affairs, healthcare, education, and the environment, the Ministry of Finance has urged relevant ministries, agencies, and local authorities to continue to focus on implementing their respective tasks. In particular, the Ministry of Home Affairs and local authorities are tasked with the full and timely implementation of social welfare policies, as well as the finalization of proposals for reforming wage and social insurance policies.

The Ministry of Health and local authorities are to eliminate intermediate steps in the procurement and supply of medicines and medical equipment, and to complete periodic health check-ups and free universal health screenings by 2026.